Sei Overview

Sei data on Dune

What is Sei?

Sei is a Layer-1 blockchain optimized for trading and decentralized finance (DeFi). It combines the strengths of Solana and Ethereum by implementing a fast parallelized EVM chain, providing a hyper optimized execution layer that benefits from the tooling and mindshare around the EVM.

Dune currently indexes only the EVM component of the Sei chain.

What does this mean?

• Sei (v1) was originally a Cosmos chain. On May 20, 2024, a proposal to upgrade Sei (v2) to include EVM support was passed. Consequently, on May 27, 2024, Sei upgraded to v2 with EVM support.
• The EVM and Cosmos components share the same consensus mechanism (i.e., they are validated by the same validators simultaneously) but operate independently with interoperability features.
• Dune indexes only the EVM component of the Sei chain, starting from the Sei v2 upgrade (block height 73,123,881). Therefore, Dune does not have data from the Cosmos component.
• Interoperability between EVM and Cosmos relies on EVM Precompiles and Pointer Contracts. If these do not emit events under certain circumstances, it may lead to gaps in the data.

Parallelization

Parallelization allows Sei to process multiple independent transactions simultaneously, leveraging modern hardware capabilities for enhanced performance.

Sei Optimizations

Sei introduces four major innovations:

1. Twin Turbo Consensus: This feature allows Sei to reach the fastest time to finality of any blockchain at 400ms, unlocking web2 like experiences for applications.
2. Optimistic Parallelization: This feature allows developers to unlock parallel processing for their Ethereum applications, with no additional work.
3. SeiDB: This major upgrade allows Sei to handle the much higher rate of data storage, reads and writes which become extremely important for a high performance blockchain.
4. Interoperable EVM: This allows existing developers in the Ethereum ecosystem to deploy their applications, tooling and infrastructure to Sei with no changes, while benefiting from the 100x performance improvements offered by Sei.

Performance Metrics

• Time to Finality: 400 milliseconds
• Transactions per Second: 5,030 (12,500 theoretical max)

Virtual Machine Interoperability

Sei supports both EVM and CosmWasm smart contracts in different execution environments. It introduces interoperability features, such as precompiled EVM contracts and Pointer Contracts, to enable smooth interactions between both environments.

For more details, visit Sei Interoperability Documentation.

Sei documentation

Explore comprehensive documentation on Sei, detailing its architecture, protocol, and resources for developers.

Data Catalog

Logs

Access detailed event logs from smart contracts to analyze contract activity and interactions.

Blocks

Explore data on blocks processed by the Sei chain, illustrating network throughput and activity.

Transactions

Transaction details that highlight the efficiency and speed of the Sei chain.

decoded

Decoded transaction data for easier analysis and deeper understanding of contract executions.